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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 6: Special Journals and Subsidiary Ledgers: the Basics: Sales and Cash
  5. Question
    If a Credit Memorandum Is Issued, What Account Will Be
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If a Credit Memorandum Is Issued, What Account Will Be

Question 54

Question 54

Multiple Choice

If a credit memorandum is issued, what account will be decreased on the seller's books?


A) Accounts Receivable
B) Accounts Payable
C) Sales Discount
D) Sales Returns and Allowances

Correct Answer:

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